Which of the Following Is True

question 121

Multiple Choice

Which of the following is true?

• A) The value to a firm of hiring another worker is the worker's value of marginal product.
• B) A firm will hire more workers if the wage rate is greater than the value of marginal product.
• C) The value of marginal product is the cost of hiring a worker.
• D) The value of marginal product increases as more workers are hired.
• E) The value of marginal product equals the price of the good produced divided by the marginal product.

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Definitions:

Theater

A branch of performing arts that involves live performers, actors, or actresses, presenting a real or imagined event before a live audience in a specific place.

African American Culture

The cultural contributions, traditions, and lived experiences unique to African Americans, shaped by historical, social, and political factors in the United States.

Plantations

Large estates or farms where crops like cotton, tobacco, and sugar are cultivated, historically often by enslaved or indentured laborers.